More than half a dozen private-sector banks are awaiting regulatory approval for the appointment of a second whole-time director on their boards.
'If the markets correct further, PSU stocks could continue to decline.'
'My advice: Don't mark your portfolio to market every day. Focus on survival.'
'Thankfully, as Indians, we have a long history of trans people in our culture, in our religions, in our mythology.' 'It's not a fad which has suddenly come into existence, the way that a lot of Americans treat it.'
ITRs with zero tax liability have increased to 55.7 million in FY25.
A home insurance policy covers damage from earthquakes, fires, explosions, floods, landslides, cyclones, storms, aircraft damage, and acts of terrorism.
Kotak Mahindra Bank's loan and deposit growth are likely to be affected after the Reserve Bank of India (RBI) asked the private-sector lender not to take on board new customers through the bank's online and mobile banking channels and not to issue any new credit cards, according to analysts. The bank's share price fell 10.85 per cent on Thursday to close the day at Rs 1,643 on the BSE. The RBI's action came after market hours on Wednesday.
'Tax rate and stock markets are entirely two different things.'
Will allowing business correspondents to hawk insurance products help in reviving 5-lakh strong field agents as a viable channel?
India's largest PSU bank, State Bank of India, delivered excellent results, once the impact of a big jump in employee expenses was adjusted for. The net interest income (NII) beat the Street due to a better net interest margin (NIM) and good loan growth. The credit growth at 5.2 per cent quarter-on-quarter (Q-o-Q) (15 per cent year on year) was excellent for a large bank.
RBI cuts GDP growth projection to 6.6 per cent for current financial year, from earlier forecast of 7.2 per cent.
A mechanical engineer in Faridabad was held 'digitally' hostage for six days by cyber fraudsters who duped him of Rs 3.46 lakh. The fraudsters forced him to lock himself in a room and monitored his activities through his mobile camera. They convinced him that he was involved in a drug smuggling operation and threatened him with legal action. The victim eventually realized the scam when the fraudsters forgot to switch off their mics and started talking to each other. Police have registered an FIR and are investigating the matter.
State Bank of India (SBI), India's largest lender, is looking to raise Rs 10,000 crore through 15-year infrastructure bonds as early as next week, said multiple sources aware of the development. Market participants expect a coupon in the range of 7.15-7.18 per cent for SBI's upcoming infrastructure bond issuance. This comes as demand for longer-tenor papers has remained strong in recent domestic capital market offerings.
rediffGURU Dr Shakeeb Ahmed Khan recommends exercises to recover from pain, injuries and improve overall health.
Market downturns or regulatory shifts can reduce liquidity, making it harder to buy or sell assets when needed.
'Over the next 12 months, it will be difficult to make 15 to 20 per cent return in the markets as the valuations appear stretched.'
Jorhat has many attraction to offer for the discerning and offbeat traveller.
'Consider 40% to 50% in equities, 10% in gold as a hedge, and the remaining 30% to 40% split between multi-asset funds and hybrid funds.'
Investing is not just about setting aside money -- it's about making it work for you, says Ramalingam Kalirajan.
The Pahalgam massacre highlights the evolution of terrorism into a multi-domain challenge. India's response must similarly evolve -- from tactical retaliation to comprehensive strategic deterrence. To establish a credible and sustained deterrent, India must also carry out continuous kinetic operations, both overt and covert, suggest Sakshit Raina and Rahul Mishra. To establish a credible and sustained deterrent, India must also carry out continuous kinetic operations, both overt and covert, suggest Sakshit Raina & Rahul Mishra.
Elon Musk brandished a chainsaw, a gift from Argentina's President Javier Milei, while on stage at the Conservative Political Action Conference in National Harbor, Maryland, February 20, 2025.
A District Consumer Disputes Redressal Forum bench presided by V K Gupta held ICICI bank guilty of deficiency in service and also criticised the private bank for misbehaviour of its staff with the consumer.
The Enforcement Directorate said on Monday that it had conducted search operations at four locations in Mumbai and Delhi as part of its money laundering investigation into an alleged Rs 4,500 crore (Rs 45 billion) fraud by Pancard Clubs Limited and others, in which more than 5 million investors have been duped.
Even as concerns grow over the residential real estate market reaching its peak, the outlook for office real estate remains strong, with listed real estate investment trusts (Reits) standing to benefit from sustained demand in the segment.
Physics Wallah has filed Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (Sebi), a precursor to hitting the primary market from where the edtech Unicorn reportedly plans to raise around Rs 4,500 crore through IPO.
The last time this happened was in 1996.
Ask rediffGURU and PF expert Milind Vadjikar your insurance, stocks, mutual fund and personal finance-related questions.
'Right now, we have no relationship with Pakistan. And the relationship with China is not great.'
rediffGURU Yogendra Arora answers readers' personal income tax queries.
Financial Intelligence Unit-India (FIU-IND) has imposed a Rs 5.49 crore penalty on Paytm Payments Bank for violating anti-money laundering rules, the Finance Ministry said on Friday. FIU-IND initiated a review of Paytm Payments Bank on receipt of specific information from law enforcement agencies in respect of few entities and their network of businesses engaged in a number of illegal acts, including organising and facilitating online gambling.
Banks, the biggest component of the Indian equity market, are now trading at a big discount to the benchmark indicesThe BSE Bankex index, which tracks the share price of the 10 top listed banks, is trading at a trailing price to earnings (P/E) multiple of 15.3X, nearly a 40 per cent discount to the BSE Sensex current P/E of 24.37X. This is the biggest valuation gap between the two indices in at least 10 years. Similarly, the BSE Bankex price to book ratio (P/B) of 2.22X is 40 per cent lower than the current Sensex P/B ratio of 3.61X.
Retail investors have been the hardest hit in the recent market downturn, with stocks where they hold over 20% falling 45% from their 52-week highs.
The debt-ridden IL&FS group has discharged Rs 45,281 crore to its creditors as of March 2025, completing the resolution of its 197 entities, according to the latest status report affidavit filed before the insolvency appellate tribunal NCLAT. This is 18.9 per cent higher than Rs 38,082 crore, the amount of debt that stood resolved from the last status report filed by IL&FS six months before on October 28, 2024.
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
By staying informed and focusing on legitimate job openings, candidates can navigate the job market more effectively and safeguard their career aspirations.
To educate customers on the modus operandi of financial fraudsters and share inputs on safe banking habits, banks are now coming up with awareness campaigns aimed at preventing customers from falling into the trap of fraudsters.
Investors should view any bounce-back in bank stocks as an opportunity to exit the pack, analysts suggested, as the worst may not be over yet. The recent quarterly results of HDFC Bank and Axis Bank disappointed the Street, triggering a marketwide selloff by foreign institutional investors, especially in banking counters. While HDFC Bank, which was the anchor for the market correction during the past week, ended 2 per cent higher amid short covering on Wednesday, Axis Bank's shares settled 3 per cent lower.
The merged entity's deposits grew by 16.2 per cent YoY at Rs 20.63 trillion at the end of the first quarter. Sequentially, the merged entity's advances rose by about 0.7 per cent to Rs 22.30 trillion as of March 31, 2023. However, the pace of deposit mobilisation was higher at 1.2 per cent over Rs 20.39 trillion as of March 31, 2023.
rediffGURU Vipul Bhavsar answers readers' personal income tax queries.
'The deal pipeline across products is robust for 2024.'
